Construction output in South Korea slumped 2.1 percent from a year earlier in December 2019, the least since April 2018, following an upwardly revised 4.8 percent fall in the previous month. Building construction declined at a softer clip (-6.7 percent vs -9.8 percent in November), whereas civil engineering work slowed for the second month (8.5 percent vs 10.3 percent). On a monthly basis, construction output rebounded a sharp 4.1 percent after a 2.1 percent decline in November. South Korea Construction Output - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Construction Output in South Korea averaged 1.56 percent from 1998 until 2019, reaching an all time high of 25.70 percent in September of 2001 and a record low of -30.50 percent in August of 1998. This page provides - South Korea Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Statistics Korea
Construction Output in South Korea is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in South Korea to stand at 1.90 in 12 months time. In the long-term, the South Korea Construction Output is projected to trend around 3.20 percent in 2021, according to our econometric models.